KUWAIT: Global markets navigated a week shaped by competing forces: a powerful ongoing equity recovery anchored by strong Q1 earnings, and a geopolitical situation that refused to resolve cleanly. The week opened in risk-off mode following a weekend collapse of US-Iran peace talks and the re-closure of the Strait of Hormuz, reversing much of the optimism that had driven the S&P 500 to a historic 7,000 plus close the prior week.
However, ceasefire extensions, including a separately announced three-week extension of the Lebanon truce,…
